Daily LNG price update (firmer)

Friday 4 March 2016

Oil definitely wants to go higher again finishing up at $37.14 as I write. Conversely, Henry Hub clearly wants to go lower finishing at new 17 year lows of $1.64mmBtu:

News flow was benign with OPEC dithering over its next meeting to discuss the non-deal, from Reuters:

“There has been no decision made regarding the meeting yet. No date or location decided yet. The Gulf countries prefer that it would be held in the first half of April, and preferably in Doha, or some other Gulf city,” the delegate told Reuters.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.